Problem 16-55 (Static) Solve for Master Budget Given Actual Results (LO 16-2, 4) The following are the actual results for Bentler Associates for the most recent period: The company planned to produce and sell 72,000 units for $12.50 each. At that volume, the contribution margin would have been $648,000. Variable marketing and administrative costs are budgeted at 5 percent of sales revenue. Manufacturing fixed costs are estimated at $5 per unit at the budgeted volume of 72,000 units. Management notes, "We budget an operating profit of $2.50 per unit at the budgeted volume, Required: a. Construct the master budget for the period. b. Prepare a profit variance analysis. Complete this question by entering your answers in the tabs below. Construct the master budget for the period. Prepare a profit variance analysis. Note: Do not rovnd intermediate calculations, Indicate the effect of cach variance by selecting "F for favorabte, or "u" for unfavorable. If there is no effect, do not seiect eith as a whole number. Prepare a profit variance analysis. Note: Do not rovnd intermediate calculations, Indicate the effect of cach variance by selecting "F for favorabte, or "u" for unfavorable. If there is no effect, do not seiect eith as a whole number